Two bankrupt Irish property developers have been sanctioned by Britain’s
insolvency regulator for “cynically” trying to hide assets from the UK
authorities and avoid paying their debts.

Patrick Byrne and Martin Doran both moved to England to declare themselves
bankrupt after being left with debts of more than €100 million each in the
wake of the Irish property crash. Both tried to hide assets from the English
authorities by handing them to friends and family members, the Insolvency
Service said yesterday.

The developers have been slapped with financial restrictions for up to nine
years, including a ban on running companies,